Director Shareholding

Investec PLC
02 April 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
Investec plc

2. Name of director
Glynn Burger

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Indirect beneficial holding

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Not notified

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Disposal and acquisition of ordinary shares of £0.001 each in Investec plc

Sale of call options over ordinary shares of £0.001 each in Investec plc

7. Number of shares / amount of stock acquired
200,000 ordinary shares of £0.001 each in Investec plc

8. Percentage of issued class
0.27%

9. Number of shares/amount of stock disposed
40,000 ordinary shares of £0.001 each in Investec plc

10. Percentage of issued class
0.05%

11. Class of security
Ordinary shares of £0.001 each in Investec plc

12. Price per share
£6.15

13. Date of transaction
31 March 2003

14. Date company informed
1 April 2003

15. Total holding following this notification
628,637 ordinary shares of £0.001 each in Investec plc

16. Total percentage holding of issued class following this notification
0.84%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
N/A

18. Period during which or date on which exercisable
N/A

19. Total amount paid (if any) for grant of the option
N/A

20. Description of shares or debentures involved: class, number
N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
N/A

22. Total number of shares or debentures over which options held following this
notification
N/A

23. Any additional information

Indirect beneficial interest held in call options over ordinary shares of £0.001
each in Investec plc sold on 31 March 2003:

5,994 shares - expiry date December 2004, at a price of £7.93 per share

23,555 shares - expiry date December 2005, at a price of £7.93 per share

19,206 shares - expiry date December 2006, at a price of £7.93 per share

19,193 shares - expiry date December 2007, at a price of £7.93 per share

22,051 shares - expiry date December 2007, at a price of £10.52 per share


24. Name of contact and telephone number for queries
Kerry Thomas

Deputy Group Secretary

020 7597 4489

25. Name and signature of authorised company official responsible for making
this notification
As above

Date of Notification
2 April 2003

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for loss of business or loss of profits) arising in contract, tort or otherwise
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